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Any Recent Leeds Building Society applicants?
Comments
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This is so true! It's eating me up!toby993_2 said:haha well they do say moving house is one of the most stressful things in life. Theyre not wrongLBS 95% LTV Shared ownership application3/8 DIP agreed
5/8 Applied for plot with HA
13/8 Accepted for plot with HA
19/8 Full application with Leeds
23/9 Valuation completed and OK
25/9 First questions and soft credit search
29/9 Confirmed answers to LBS direct as my MA couldn't get through we're told it would join 12 day underwriting queue again
01/10 Received letter about initial search through the post dated 25/9
We were told we should hear something by the 20th.
14/10 Mortgage offer received (working day 40)
23/10 Completion and moved in!0 -
our MA has just told me that apparently if you get your solicitor to put on company headed paper that there is a deadline date they are working to and get your MA to upload this to leeds, it gets escalated and the queue cuts from 15 working days to 2-3 working days
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Do you think this is true? Surely it can't be as if it was they would just be able to approve them then wouldn't they?toby993_2 said:Yeah Covid is making things far worse that what they would be. Just gotta stay positive. As people have said on this thread before, aslong as youve passed the initial check it seems approval is confirmed its just a matter of timeLBS 95% LTV Shared ownership application3/8 DIP agreed
5/8 Applied for plot with HA
13/8 Accepted for plot with HA
19/8 Full application with Leeds
23/9 Valuation completed and OK
25/9 First questions and soft credit search
29/9 Confirmed answers to LBS direct as my MA couldn't get through we're told it would join 12 day underwriting queue again
01/10 Received letter about initial search through the post dated 25/9
We were told we should hear something by the 20th.
14/10 Mortgage offer received (working day 40)
23/10 Completion and moved in!0 -
Natztastic2 said:
Do you think this is true? Surely it can't be as if it was they would just be able to approve them then wouldn't they?toby993_2 said:Yeah Covid is making things far worse that what they would be. Just gotta stay positive. As people have said on this thread before, aslong as youve passed the initial check it seems approval is confirmed its just a matter of time
Im not sure, this is apparently what the Leeds BDM told our MA. Ive chased our solicitor for a letter but shes slower than leeds so im not holding my breath. To the back of the 15 day queue i go i guess
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That's an interesting fact ( I hope it's true though)toby993_2 said:Natztastic2 said:
Do you think this is true? Surely it can't be as if it was they would just be able to approve them then wouldn't they?toby993_2 said:Yeah Covid is making things far worse that what they would be. Just gotta stay positive. As people have said on this thread before, aslong as youve passed the initial check it seems approval is confirmed its just a matter of time
Im not sure, this is apparently what the Leeds BDM told our MA. Ive chased our solicitor for a letter but shes slower than leeds so im not holding my breath. To the back of the 15 day queue i go i guess
Are you trying to get a letter confirming the payment side for your partner?LBS 95% LTV Shared ownership application3/8 DIP agreed
5/8 Applied for plot with HA
13/8 Accepted for plot with HA
19/8 Full application with Leeds
23/9 Valuation completed and OK
25/9 First questions and soft credit search
29/9 Confirmed answers to LBS direct as my MA couldn't get through we're told it would join 12 day underwriting queue again
01/10 Received letter about initial search through the post dated 25/9
We were told we should hear something by the 20th.
14/10 Mortgage offer received (working day 40)
23/10 Completion and moved in!0 -
Natztastic2 said:
That's an interesting fact ( I hope it's true though)toby993_2 said:Natztastic2 said:
Do you think this is true? Surely it can't be as if it was they would just be able to approve them then wouldn't they?toby993_2 said:Yeah Covid is making things far worse that what they would be. Just gotta stay positive. As people have said on this thread before, aslong as youve passed the initial check it seems approval is confirmed its just a matter of time
Im not sure, this is apparently what the Leeds BDM told our MA. Ive chased our solicitor for a letter but shes slower than leeds so im not holding my breath. To the back of the 15 day queue i go i guess
Are you trying to get a letter confirming the payment side for your partner?Basically my partners granddad owns the house that her and her mum live in currently, so instead of paying a mortgage, they both just pay him £200 each per month. My partner references these payments to her grandad as "mortgage payment to Grandad" on her bank statement, so this has confused leeds as they think she is tied into another mortgage which is not the case and obviously these payments will stop when we move out.
Leeds said that based on this, they could offer us £800 less and wanted to know the reason for these payments. So weve gone straight back to them to clarify. So hoping it will be ok and we will get the full amount
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So our MA emailed them to clarify this morning. But we are trying to avoid being put to the back of the queue so our MA has been chasing leeds today and thats when they said if we get a letter from our solicitor then it can escalate the case
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That makes complete sense. So you need the solicitor to verify this? will it cost you extra from the solicitor?toby993_2 said:Natztastic2 said:
That's an interesting fact ( I hope it's true though)toby993_2 said:Natztastic2 said:
Do you think this is true? Surely it can't be as if it was they would just be able to approve them then wouldn't they?toby993_2 said:Yeah Covid is making things far worse that what they would be. Just gotta stay positive. As people have said on this thread before, aslong as youve passed the initial check it seems approval is confirmed its just a matter of time
Im not sure, this is apparently what the Leeds BDM told our MA. Ive chased our solicitor for a letter but shes slower than leeds so im not holding my breath. To the back of the 15 day queue i go i guess
Are you trying to get a letter confirming the payment side for your partner?Basically my partners granddad owns the house that her and her mum live in currently, so instead of paying a mortgage, they both just pay him £200 each per month. My partner references these payments to her grandad as "mortgage payment to Grandad" on her bank statement, so this has confirmed leeds as they think she is tied into another mortgage which is not the case and obviously these payments will stop when we move out.
Leeds said that based on this, they could offer us £800 less and wanted to know the reason for these payments. So weve gone straight back to them to clarify. So hoping it will be ok and we will get the full amount
£800 less.. Is that over the whole mortgage or year or something? Could you just make that up yourselves if needsbe?LBS 95% LTV Shared ownership application3/8 DIP agreed
5/8 Applied for plot with HA
13/8 Accepted for plot with HA
19/8 Full application with Leeds
23/9 Valuation completed and OK
25/9 First questions and soft credit search
29/9 Confirmed answers to LBS direct as my MA couldn't get through we're told it would join 12 day underwriting queue again
01/10 Received letter about initial search through the post dated 25/9
We were told we should hear something by the 20th.
14/10 Mortgage offer received (working day 40)
23/10 Completion and moved in!0 -
toby993_2 said:So our MA emailed them to clarify this morning. But we are trying to avoid being put to the back of the queue so our MA has been chasing leeds today and thats when they said if we get a letter from our solicitor then it can escalate the case
I see. Hopefully the solicitor won't be long then. The good part about this is it all sounds very positive when you pass this hurdle.toby993_2 said:So our MA emailed them to clarify this morning. But we are trying to avoid being put to the back of the queue so our MA has been chasing leeds today and thats when they said if we get a letter from our solicitor then it can escalate the caseLBS 95% LTV Shared ownership application3/8 DIP agreed
5/8 Applied for plot with HA
13/8 Accepted for plot with HA
19/8 Full application with Leeds
23/9 Valuation completed and OK
25/9 First questions and soft credit search
29/9 Confirmed answers to LBS direct as my MA couldn't get through we're told it would join 12 day underwriting queue again
01/10 Received letter about initial search through the post dated 25/9
We were told we should hear something by the 20th.
14/10 Mortgage offer received (working day 40)
23/10 Completion and moved in!0 -
So this letter we have all got confirming the initial assessment, I'm assuming this is a good sign that we won't be declined0
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